Volitility
In case you haven't noticed, the market has been going crazy lately. From stocks and bonds, to interest rates, to gas prices. . . . .everything going crazy.
If you're in the market to purchase a home, the best thing you can do right now is become friends with your lender. Rates change every day, often times several times in one day. A couple weeks ago the rates went from under 6% to 6.5% all in one day. Last week Friday, the rates changed 4 times throughout the day.
If you're looking to lock in, you need a lender who you trust, who has experience in this crazy market. One who's watching what's going on, one who will CALL you if and when the rates drop so you're not left out to dry.
Today's rates may be lower than yesterday, they may be the same, or they may be higher. Don't chance your mortgage to some DOT COM person. . . . .find a reputable, trustworthy lender.
As always, e-mail me if you need guidance finding someone throughout this process. I'd be happy to share my trusted sources with you.
If you're in the market to purchase a home, the best thing you can do right now is become friends with your lender. Rates change every day, often times several times in one day. A couple weeks ago the rates went from under 6% to 6.5% all in one day. Last week Friday, the rates changed 4 times throughout the day.
If you're looking to lock in, you need a lender who you trust, who has experience in this crazy market. One who's watching what's going on, one who will CALL you if and when the rates drop so you're not left out to dry.
Today's rates may be lower than yesterday, they may be the same, or they may be higher. Don't chance your mortgage to some DOT COM person. . . . .find a reputable, trustworthy lender.
As always, e-mail me if you need guidance finding someone throughout this process. I'd be happy to share my trusted sources with you.
posted by Brittany Nigh at 6:26 AM
0 Comments:
Post a Comment
<< Home